Osaka Gas Co., Ltd. logo

Osaka Gas Co., Ltd.

9532.T

JPXUtilitiesRegulated Gas

Latest quote

¥5,607

+¥56.00 · +1.01%

Aug 24, 3:30 PM JST

9532.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Osaka Gas Co., Ltd., established in Osaka, Japan, in 1897, is a diversified energy provider offering gas, electricity, and various ancillary services both within Japan and internationally. The company's operations are structured into four primary segments. Its Domestic Energy/Gas division manages the entire gas lifecycle, from production and distribution to sales and maintenance. This encompasses essential services like gas pipeline construction, customer support, engineering, energy consulting, and project financing. The segment also oversees liquefied natural gas (LNG) terminals and power plants, provides heating solutions, and generates, sells, and maintains electricity. Additionally, it distributes industrial gases such as liquefied nitrogen, oxygen, and argon, along with gas and housing equipment, and fuels like LNG and LPG. The Domestic Energy/Electricity segment is dedicated to supplying electric power, which it generates from a diverse mix of sources including natural gas, wind, biomass, and solar energy. On the international front, the International Energy segment is involved in LNG transport, the exploration and development of petroleum and natural gas resources, and strategic investments in and operation of energy supply ventures globally. Finally, the Life & Business Solutions segment highlights the company's broader interests. It manufactures specialized products such as fine materials, carbon-based goods, activated carbon, wood protective coatings, absorbent materials, and resin additives. This segment also actively participates in real estate development, leasing, management, and sales. Furthermore, it offers IT services, including software development and computer-based data processing, alongside the operation, management, and upkeep of various buildings and facilities.

Industry
Regulated Gas
Sector
Utilities
Headquarters
JP
CEO
Masataka Fujiwara
Listed since
May 16, 1949
Employees
21,835

Market position

Day range

Current ¥5,607

52-week range

Current ¥5,607

Open
¥5,530
Previous close
¥5,551
Volume
660.6K
0.64× average
Average volume
1.03M
Average daily volume
Market cap
2.13T JPY
Beta
-0.2
Market reference 1
50-day average
¥5,446.76
+2.94% above average
200-day average
¥5,718.74
-1.95% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.23T JPY
P/E (TTM)
15.49×
P/B (TTM)
1.17×
P/S (TTM)
1.05×
EV / EBITDA
9.01×
Earnings yield
6.13%
Free cash flow yield
4.10%
Dividend yield
2.14%

Profitability & efficiency

Gross margin
20.72%
Operating margin
7.78%
Net margin
6.87%
Return on equity
8.46%
Return on assets
4.60%
Return on invested capital
4.58%

Financial health

Debt / equity
0.44×
Current ratio
1.84×
Altman Z-score
2.14
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends23%16%8%1%Gross margin, FY2022: 19.78%Gross margin, FY2023: 12.40%Gross margin, FY2024: 19.70%Gross margin, FY2025: 19.60%Gross margin, FY2026: 21.55%Operating margin, FY2022: 6.23%Operating margin, FY2023: 2.64%Operating margin, FY2024: 8.28%Operating margin, FY2025: 7.77%Operating margin, FY2026: 8.61%Net margin, FY2022: 8.20%Net margin, FY2023: 2.51%Net margin, FY2024: 6.37%Net margin, FY2025: 6.50%Net margin, FY2026: 7.52%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 19.78%. Gross margin FY2023 12.40%. Gross margin FY2024 19.70%. Gross margin FY2025 19.60%. Gross margin FY2026 21.55%. Operating margin FY2022 6.23%. Operating margin FY2023 2.64%. Operating margin FY2024 8.28%. Operating margin FY2025 7.77%. Operating margin FY2026 8.61%. Net margin FY2022 8.20%. Net margin FY2023 2.51%. Net margin FY2024 6.37%. Net margin FY2025 6.50%. Net margin FY2026 7.52%.

Income trends

Revenue

2.03T JPY-1.87%

Operating income

174.81B JPY+8.76%

Net income

152.75B JPY+13.64%
Income trends across reported periods2.5T JPY1.61T JPY722.51B JPY−164.69B JPYRevenue, FY2022: 1.59T JPYRevenue, FY2023: 2.28T JPYRevenue, FY2024: 2.08T JPYRevenue, FY2025: 2.07T JPYRevenue, FY2026: 2.03T JPYOperating income, FY2022: 99.2B JPYOperating income, FY2023: 60B JPYOperating income, FY2024: 172.56B JPYOperating income, FY2025: 160.73B JPYOperating income, FY2026: 174.81B JPYNet income, FY2022: 130.42B JPYNet income, FY2023: 57.11B JPYNet income, FY2024: 132.68B JPYNet income, FY2025: 134.41B JPYNet income, FY2026: 152.75B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.59T JPY. Revenue FY2023 2.28T JPY. Revenue FY2024 2.08T JPY. Revenue FY2025 2.07T JPY. Revenue FY2026 2.03T JPY. Operating income FY2022 99.2B JPY. Operating income FY2023 60B JPY. Operating income FY2024 172.56B JPY. Operating income FY2025 160.73B JPY. Operating income FY2026 174.81B JPY. Net income FY2022 130.42B JPY. Net income FY2023 57.11B JPY. Net income FY2024 132.68B JPY. Net income FY2025 134.41B JPY. Net income FY2026 152.75B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue2.03T JPY2.07T JPY2.08T JPY2.28T JPY1.59T JPY
Cost of goods sold1.59T JPY1.66T JPY1.67T JPY1.99T JPY1.28T JPY
Gross profit437.52B JPY405.58B JPY410.37B JPY282.22B JPY314.77B JPY
Research and development12.69B JPY9.89B JPY9.63B JPY9.44B JPY
Selling, general, and administrative262.71B JPY232.16B JPY227.93B JPY212.59B JPY206.12B JPY
Operating expenses262.71B JPY244.85B JPY237.81B JPY222.22B JPY215.56B JPY
Interest income12.84B JPY12.02B JPY10.21B JPY4.31B JPY2.02B JPY
Interest expense13.78B JPY15.33B JPY14.44B JPY13.17B JPY10.4B JPY
Depreciation and amortization141.35B JPY134.7B JPY132.66B JPY127.86B JPY117.01B JPY
Operating income174.81B JPY160.73B JPY172.56B JPY60B JPY99.2B JPY
Net income152.75B JPY134.41B JPY132.68B JPY57.11B JPY130.42B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+62.43%
11 comparable reports
Latest EPS result
93.38
Estimate 85.9 · Beat by 8.71%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates225.14159.493.6627.91Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 3, 2025: actual 99.41, estimate 77.1, surprise +28.94%, Beat. Q2 2025, reported May 8, 2025: actual 105.8, estimate 63.07, surprise +67.75%, Beat. Q3 2025, reported Jul 31, 2025: actual 122.59, estimate 93.2, surprise +31.53%, Beat. Q4 2025, reported Oct 29, 2025: actual 123.1, estimate 54.7, surprise +125.05%, Beat. Q1 2026, reported Feb 2, 2026: actual 117.69, estimate 210.9, surprise -44.20%, Miss. Q2 2026, reported May 8, 2026: actual 32.84, estimate 33.75, surprise -2.70%, Miss. Q3 2026, reported Jul 30, 2026: actual 93.38, estimate 85.9, surprise +8.71%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 70.9, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates648.79B567.47B486.16B404.85BQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 3, 2025: actual 494.02B JPY, estimate 497.7B JPY, surprise -0.74%, Miss. Q2 2025, reported May 8, 2025: actual 607.32B JPY, estimate 623.83B JPY, surprise -2.65%, Miss. Q3 2025, reported Jul 31, 2025: actual 470.99B JPY, estimate 429.8B JPY, surprise +9.58%, Beat. Q4 2025, reported Oct 29, 2025: actual 488.17B JPY, estimate 457.13B JPY, surprise +6.79%, Beat. Q1 2026, reported Feb 2, 2026: actual 481.34B JPY, estimate 507.15B JPY, surprise -5.09%, Miss. Q2 2026, reported May 8, 2026: actual 585.34B JPY, estimate 622.3B JPY, surprise -5.94%, Miss. Q3 2026, reported Jul 30, 2026: actual 460.13B JPY, estimate 542.75B JPY, surprise -15.22%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 545.25B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥107.5

2025 complete year+104.8% since 2021

2026 partial: ¥60.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥65.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥65.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥60.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 1, 2026

Dividend

Ex-dividend Sep 29, 2025

¥60.00

Semi-Annual

Record Sep 30, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Mar 28, 2025

¥47.50

Semi-Annual

Record Mar 31, 2025 · Payment Jun 2, 2025

Dividend

Ex-dividend Sep 27, 2024

¥47.50

Semi-Annual

Record Sep 30, 2024 · Payment Nov 29, 2024

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